Company Raises \$2.12 Million in Second Tranche of Private Placement

  • 📰 mining
  • ⏱ Reading Time:
  • 47 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 53%

Business News

FINANCE,PRIVATE PLACEMENT,INVESTMENT

The company announced the successful completion of a second tranche of its non-brokered private placement, raising gross proceeds of US$1,312,528 (CA$1,837,538.78). Combined with the first tranche, the total gross proceeds amount to US$2,120,550.55 (CA$2,968,769.62). These funds will be used for exploration, development, production activities, as well as corporate G&A and general working capital.

Thursday, December 19, 2024 2:30 PM PST), is pleased to announce that it that it has successfully completed a second tranche of its non-brokered private placement of units for gross proceeds to the Company of US$1,312,528 . When combined with the proceeds from Tranche 1, the gross proceeds of the Private Placement to the Company total US$2,120,550.55 .

South Star's second project in the development pipeline is strategically located in Alabama, U.S.A. in the center of a developing electric-vehicle, aerospace, and defense hub in the southeastern United States. The BamaStar Project includes a historic mine active during the First and Second World Wars. A NI 43-101 Preliminary Economic Assessment will be filed on SEDAR+. Trenching, Phase 1 drilling, sampling, analysis, and preliminary metallurgical testing have been completed.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this press release.This press release contains"forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 449. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jeff Bezos believes his space company Blue Origin will be bigger than $2 trillion AmazonJeff Bezos believes his space venture Blue Origin will one day be a bigger company than Amazon.
Source: NBCDFW - 🏆 288. / 63 Read more »